Best smartshare ETFs (in the current climate)

[Tronald Dump]

FNZ tracks the S&PNZX 50 Portfolio Index which caps individual stocks at 5%. As a result the fund is very underweight FPH and ATM, and overweight smaller and mid cap stocks. Over recent months the massive performance of FPH and ATM has led to a big difference between the Portfolio index and the NZX 50 Gross Index.

[blackcap]

FNZ tracks the S&PNZX 50 Portfolio Index which caps individual stocks at 5%. As a result the fund is very underweight FPH and ATM, and overweight smaller and mid cap stocks. Over recent months the massive performance of FPH and ATM has led to a big difference between the Portfolio index and the NZX 50 Gross Index.

You got it in one. I phoned Smartshares a while ago and they explained in depth their methodology. I did know from 10-15 years ago that FNZ had a 5% cap but it had slipped my mind. But that is the reason it has under performed. That said over time things should revert to the mean....